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Mkhwebane not fit to hold office and citizens deserve better - Natasha Mazzone
Sufficient prima facie evidence of misconduct against Mkhwebane, panel finds
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No food to be served on domestic airlines, only water
SA e-commerce logistics specialist ParcelNinja give up 60% to Imperial
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Few believed in me. Most actively discouraged me - Heyneke Meyer pens book
84-year-old retired automotive worker pursues acting career
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The future of renewable energy is bright
Energy is the gatekeeper to a prosperous future
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'State-sponsored corruption should outrage South Africans' - Sars commissioner
Does an emotive Sars advert make you feel better about paying tax?
‘Steinhoff: Inside SA’s Biggest Corporate Crash’ author reveals shocking details
Every week The Money Show’s Bruce Whitfield interviews the author of a popular business book.
This week Whitfield spoke to James Brent Styan, author of “Steinhoff: Inside SA’s Biggest Corporate Crash”.
The description on Amazon:
On 5 December 2017, the Steinhoff group was still worth R199 billion.
Twenty-four hours later more than R160 billion rand of this fortune was wiped out.
The Steinhoff Empire, which took 20 years to build into an international business giant, had crumbled overnight.
Markus Jooste, Steinhoff’s flashy CEO, resigned via SMS and has since been fleeing an avalanche of scandals and accusations: luxury homes for a blonde mistress, allegations of fraud, racing horses and unparalleled extravagance, a lavish, black Jaguar for an old university residence…
What exactly happened here?
Who knew what?
What is Steinhoff, who is Markus Jooste and what does it all have to do with the so-called Stellenbosch mafia?
Where does business tycoon Christo Wiese, Shoprite and Pepkor fit in and where is the pensioners’ money?
Well-known financial writer James-Brent Styan unpacks these and other questions in this astounding tale of power and greed, of secrets and deceit, and ultimately the largest financial breakdown in the history of South Africa.
Through interviews with trustworthy sources, revelations from confidential documents and in-depth research about Steinhoff’s history, Styan uncovers what the group doesn’t want you to know.
Follow the money…
The story of Steinhoff, Markus Jooste and the Stellenbosch Boys is a gripping financial thriller that will be told as cautionary tale or salacious scandal in both boardrooms and living rooms for decades to come.
Listen to the interview in the audio below.
Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:
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